Syndicate Bank Delhi Delhi New Delhi MICR CODE

Find MICR Codes for Syndicate Bank Delhi Delhi New Delhi

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Syndicate Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Lajpat Nagar Iv Bic
Contact	23387387
Bank Details	Syndicate Bank Lajpat Nagar Iv Bic SYNB0009198

Location	Delhi, Delhi
City	Delhi
District	Delhi
State	New Delhi
Pincode	110001
Country	IN
Address	35,ring road lajpat nagar - iv n delhi delhi delhi india 110024

Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 0 for Lajpat Nagar Iv Bic branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 0 of Syndicate Bank, Lajpat Nagar Iv Bic branch makes the system almost error free and faster. Use of Syndicate Bank MICR codes for Lajpat Nagar Iv Bic branch, makes the characters readable even if there are other marks and stamps on it.

A total of 27 branches of Syndicate Bank are available with micr code -

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MICR code for Syndicate Bank Lajpat Nagar Iv Bic

Syndicate Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Syndicate Bank MICR code for Lajpat Nagar Iv Bic is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 0 is the MICR code of Syndicate Bank for Lajpat Nagar Iv Bic branch. MICR code for Lajpat Nagar Iv Bic branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Syndicate Bank Lajpat Nagar Iv Bic is presented in the table alongside.

Use of Syndicate Bank MICR code for Lajpat Nagar Iv Bic branch in delhi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Lajpat Nagar Iv Bic and Syndicate Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Syndicate Bank is typically in either of these two font’s: E-138 and CMC-7.

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